EUR/JPY – 4H – BUY

The pair Euro/Japanese Yen (EUR/JPY) breaks through the bullish trendline up.

A continuation of the uptrend upwards to the next resistance at is expected.

Caution: A possible counter-trend in the direction of the support zone at 168.45600 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

169.85900 – 169.71100 – 167.61300 – 168.45600 – 167.90700 – 166.02800

Trading Signals: FOREX – EUR – EUR/JPY – JPY – Northern Doji – Inverse Head and Shoulder chart pattern